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Real Estate Disposition Corp

REAL ESTATE
November 22, 1992
NORTH HOLLYWOOD: La Maida Villas; 24 townhomes, 2 bedrooms, 2 1/2 baths, 1,180-1,260 square feet; starting bids at $129,000; monthly fee, $143.56; move-ins after 45-day escrow; open daily, 10 a.m.-6 p.m., at 11112 La Maida St., No. 1, reached from the Lankershim Boulevard exit of the Hollywood (101) Freeway; auction to be held Dec. 5, 1 p.m., at Universal City Hilton & Towers, 555 Universal Terrace Parkway, Universal City; auctioneer, Real Estate Disposition Corp., Santa Ana.
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REAL ESTATE
October 6, 1991
* POWAY: Monterey Point, by Pacific Shelter; 21 3-4-bedroom, 2 1/2-3-bath detached homes, 2,063-2,859 square feet; starting bids, $189,000-$254,900; auction to be held today at Rancho Bernardo Inn; auctioneer, Real Estate Disposition Corp., (714) 432-8353. Los Angeles County * MALIBU: Portico at Malibu, a bank foreclosure; 21 2-bedroom, 2 1/2-bath townhomes, up to 2,464 square feet; minimum bids, $549,000-$648,000; open 10 a.m.-6 p.m. daily at 6435 Zumierez Drive; auction to be held Oct.
BUSINESS
June 16, 1992 | JOHN O'DELL
Because the properties offered at a real estate auction typically are financed rather than purchased with cash, the rules are different than at other types of sales. Typically, bidders must register and show cashier's checks, made out to themselves, as so-called earnest money. The amount of the check is set by the auction company. For this month's sales, the Resolution Trust Corp. is requiring $2,000 and Real Estate Disposition Corp. $2,500.
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